Industry Classification Benchmark (ICB)

With approximately 100,000 securities classified worldwide, we provide a comprehensive data source and a definitive categorizing system for the global investment community.

Industry Classification Benchmark (ICB) is a globally recognized standard, operated and managed by FTSE Russell for categorizing companies and securities across four levels of classification.

Each company is allocated to the subsector that most closely represents the nature of its business, which is determined by its primary source of revenue and other publicly available information.

Features and contents

Investor focused

Offers increased clarity, better structure and universality to meet the needs of the investment industry.

Comprehensive coverage

Covers virtually any equity-related security an investment professional will encounter. A rigorous and transparent rules-based methodology enables accurate and relevant classification, ensuring low inter-sector correlation in any stage of the economic cycle.

Versatility

Provides a standardized basis for analysis, stock selection and performance measurement. It aligns with investment research and analysis, numerous exchange-traded products, and services developed by analytical data vendors. It can also be used to drive a search engine or enhance existing data sources.

The first and second level Industry and Supersector tiers are designed to reflect and facilitate sector-based investment strategies. Additional granularity is provided at the third and fourth level Sector and Subsector tiers.

Representative

Independent management combined with input from research teams based in each major region allows ICB to reflect the global industrial landscape and provides the reassurance of accurate representation and continued growth and monitoring of the market.

Accurate and timely

The accuracy, quality and timeliness of the data make it a very reliable reference source for validation, compliance and other reporting processes.

Efficient and effective

A single data source, which removes the need for users to maintain individual databases or undertake costly and time-consuming sector research.

Products

Weekly database: ICB Database product files are produced on the last business day of the week and are available by 10:00 p.m. US Eastern Standard Time

Daily updates: Files containing daily changes are produced at the end of each business day of the week and are available by 10:00 p.m. US Eastern Standard Time

To help clients transition to the new ICB structure, the legacy ICB Universe product will continue to be provided to clients in parallel throughout 2019. And the discontinuation of Russell Global Sectors (RGS) has been extended to later in 2019.

Legal

"FTSE Russell" is a trading name of FTSE International Limited (“FTSE”) and Frank Russell Company (“Russell”) and their respective subsidiary undertakings, which are members of the London Stock Exchange Group plc group.

FTSE International Limited is a limited liability company registered in England and Wales under registered number 03108236 with its registered office at 10 Paternoster Square, London, England, EC4M 7LS. FTSE International Limited is authorized and regulated by the Financial Conduct Authority as a benchmark administrator. Frank Russell Company is a Washington corporation with offices at 1201 Third Avenue, Seattle, Washington 98101.

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